Nestle HQ in Budapest sold

In a deal that was tendered last summer, Nestle’s empty ex-headquarters along the Danube was officially sold last week. Nestle moved out of the building in May last year and into Millennium Office Towers. Details of the deal aren’t being revealed. The buyer were investors led by Newland Estates. The new owners will have to decide whether to lease the building out as is (offices) or to redevelop into residential. The building was refurbished by Nestle ten years ago.